TechnipFMC Awarded Large Integrated EPCI (iEPCI™) Contract for AKER BP’s Utsira High Development
01 February 2023 - 8:15AM
Business Wire
TechnipFMC (NYSE: FTI) has been awarded a large(1) integrated
Engineering, Procurement, Construction, and Installation (iEPCI™)
contract by Aker BP (OSE: AKRBP) for its Utsira High
development.
The contract brings together three projects that will tie back
to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC
will engineer, procure, construct, and install the subsea
production systems, controls, pipelines, and umblicals for the
development, which is Aker BP’s first iEPCI™ project. It follows a
two-year integrated front-end engineering and design (iFEED™) study
to optimize field layout.
Jonathan Landes, President, Subsea at TechnipFMC, commented:
“Aker BP is joining the growing list of clients who are choosing
the benefits of our integrated model, which include an acceleration
in time to first production. Our familiarity with the Utsira High
area and the success of our installed base there were key
components in receiving this direct award. We have valued our
dialogue with Aker BP during this process and we are excited about
collaborating with them on Utsira High.”
(1) For TechnipFMC, a “large” contract is between $500 million
and $1 billion.
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Forward-Looking Statement
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
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